This post will discuss four exchanges where users can trade clam coin and find the best clam coin price. The clam coin price comes purely from supply and demand. There is no single price for clam coin, but rather a few different exchanges where you can buy and sell clam coin. Each exchange where clams are traded is a bit different, and which one you might use depends on what features you prefer. This posts outlines the features of four clam coin exchanges: FreiExchange, FreeBitcoins.com/xchange, BTCPOP, and TradeSatoshi.
|Withdrawal Fees||0.50%||0.001 CLAM|
|API||Read Only||Read Only|
All prices are quoted in CLAM/BTC and fees are quoted in native currency (be they clam or btc).
There are two ways that clam coin exchanges make profits: trading fees and withdrawal fees. Some exchanges charge both trading fees and withdrawal fees, and some exchanges only charge for trading or withdrawals. By only charging for withdrawals, an exchange is helping certain users provide liquidity (those users who are buying and selling, either as market makers or speculators). FreiExchange and TradeSatoshi do not charge trading fees. FreiExchange charges 0.5% for withdrawals, which is potentially the highest withdrawal fee of the exchanges reviewed in this post.
FreeBitcoins/xchange, BTCPOP, and TradeSatoshi charge fixed withdrawal fees. A fixed withdrawal fee is the best for large traders because as your withdrawal size gets bigger the fixed fee becomes a smaller percentage of your withdrawal value. So based on fees, TradeSatoshi has the best fee structure for most traders.
Clam Coin Liquidity
Being able to buy and sell quickly with the lowest spreads and fees makes an exchange liquid. FreiExchange has the lowest liquidity of the clam coin markets reviewed. The gap between bids and asks is often more then 50%, which means there is a big spread between the market price users can buy or sell. The spread between bids and asks is an implicit trading cost users pay. The lower the spread, the cheaper trading costs.
The liquidity of FreeBitcoins.com/xchange is a bit better then FreiExchange, but its still pretty shallow. This exchange is new (although the creators are clam coin enthusiasts) so volume has been low so far. At the time of writing, the gap between the best bid and ask is 0.00010 / 0.00012 = 16%. BTCPOP and TradeSatoshi usually have the most liquidity and the lowest spreads but not always. At the time of writing, BTCPOP has a bid/ask of 0.00008 / 0.000103 = 22%, and TradeSatoshi has a market of 0.00009023 / 0.000148 = 39%.
Having an API is a feature serious exchanges should have. Especially with crypto, its a lot easier if a computer talks to other computers rather then humans inputting trades manually. Many exchanges have basic “APIs” which are read only endpoints with standard data formats where users can make software call the endpoint to collect data. Better REST APIs will allow users to make GET and POST requests in order to perform trades algorithmically instead of manually. Providing a REST API is a bit tougher from the exchange’s point of view because they will then need secure ways to authenticate requests and ways to handle the volume of requests. But the advantage of providing REST APIs is exchanges can attract a lot more liquidity. TradeSatoshi has by far the best API functionality of the clam coin exchanges reviewed here.
Clam coin staking is an important feature of the clam coin blockchain because this is how the clam coin blockchain secures transactions and rewards miners. With clam coin staking, 1 new clam is generated each minute and awarded by proportional lottery to all miners based on their share of clam coins. For example, if there are 3.5 million clams being staked, and you are staking 100 clams, you have a 100 / 3.5 mil chance of winning a clam each minute. On an exchange or any other clam coin service where you keep a balance, its in your interest to receive the staking rewards associated with your balance. This is especially the case because pooling your stake with other users on the same platform will dramatically smooth your rate of return compared to staking your own wallet with a small clam coin balance. Only BTCPOP provides users with staking rewards for their balances. I expect FreeBitcoins.com/xchange will provide staking rewards eventually.
Affiliate rewards are are a marketing strategy that can help promoters and also drive liquidity to an exchange. All things being equal, an exchange that provides affiliate rewards can attract more liquidity then those exchanges that do not. FreeBitcoins.com/xchange will likely offer an affiliate system in the future, whereas BTCPOP has a affiliate rewards and so does TradeSatoshi.
Clam Coin Trading Strategies
Overall, the best clam coin exchange is TradeSatoshi. This is because of their zero trading fees and because they offer the best API functionality.
Since Poloniex de-listed clam coins, the market has been in flux, and as outlined in the is post, there are a few different exchanges where users can trade clam coin. The spreads are wide on all exchanges, and there are also gaps between prices on various exchanges. This provides traders with opportunities to make markets between exchanges and speculate on prices.
Click here to read my other clam coin posts.